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Petrol Price Returns To Rs 71 A Litre Mark In Delhi After Nearly 3 Weeks: 10 Points

Petrol, diesel price today: Oil marketing companies review the fuel rates on a daily basis
Petrol, diesel price today: Oil marketing companies review the fuel rates on a daily basis
  1. On Tuesday, the petrol prices were hiked by 9-11 paise per litre in the four metros, compared with the previous day's rates.
  2. Diesel prices were increased by 6-7 paise per litre, according to the data.
  3. In Kolkata, the price of petrol stood at Rs 73.11 per litre on Tuesday, while that of diesel was at Rs 67.95 per litre.
  4. In Chennai, the petrol rate was at Rs 73.72 per litre and diesel prices at Rs 69.91 per litre.
  5. Currently, the prices of petrol and diesel are reviewed by oil marketing companies on a daily basis, and any changes are effected at fuel stations at 6 am.
  6. Petrol and diesel prices are determined broadly by the rates of crude oil overseas and rupee-dollar in the forex market.
  7. The fuel rates vary from city to city and from pump to pump, depending on local taxes and transportation cost.
  8. Petrol prices are up Rs 2.16 per litre and Rs 2.17 per litre in Delhi and Mumbai so far this year. Diesel prices have been raised by Rs 3.31 per litre and Rs 3.54 per litre respectively.
  9. Global crude oil prices have declined 23.3 per cent since the October high of $86.74 a barrel. However, Brent futures - the global benchmark for crude oil - have risen about 23.6 per cent so far in 2019.
  10. The rupee has weakened about 2.3 per cent against the dollar so far this calendar year.
(With agency inputs)